Wednesday, February 01, 2006

World Bank breaks wind





The World Bank has had a certain amount flack from anti-globalisation protestors over recent years. Some of this has been from protestors concerned about the environment and particularly the banks involvement with large scale hydro dams. Probably very few of these protesters realise that the bank is now the largest funder of environmental projects within the developing world. It does this through the Global Environment Facility (G.E.F.). See http://www.gefweb.org/ .

The GEF has recently announced more funding for enabling the development of renewables technologies. See their press release at http://www.gefweb.org/Documents/mexico_re_release_020106.pdf . Surely such developments by the World Bank need to be encouraged and just possibly the protesters need to move on or find another cause.

1 Comments:

At 8:16 am, Anonymous Simon said...

Thanks for this info. I agree that environmentalists view of the WB should be a balanced one. Great blog!

 

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